Lately I've been looking at the liquidity of a few NFTs again, and honestly, it's still the floor price that determines whether you have an escape route. When the narrative is hot, the floor feels like a spring; when it cools down, all that's left are the order wall and self-hype chat groups... I'm also conflicted about royalties. I understand that creators need to make a living, but for buyers and sellers, it's just friction costs. The more they want to "run fast," the less they want to pay that small fee.

These days, everyone is comparing RWA, US Treasury yields, and on-chain revenue products together. I am even more convinced: don't rely on "innate narrative sense," rely on habits. My habit is to only do verifiable actions: check the transaction-to-listing ratio over the past 7 days, see if the wallet is the same group, whether royalties have suddenly changed, and calculate the costs before acting. The hype will come and go, but if you don't change your habits, it's less likely you'll be carried away by emotions in the long run.